21Shares Launches the XDC Network ETP
21Shares, a leader in the cryptocurrency exchange-traded products (ETPs) sector, has officially unveiled the 21Shares XDC Network ETP, now available on Euronext Paris and Amsterdam. Through this innovative financial product, investors can gain institutional-grade access to the XDC Network, a cutting-edge blockchain designed to revolutionize global trade finance. This ETP allows for the tokenization and digitization of real-world assets, thereby enabling seamless transactions across borders.
Understanding the XDC Network
The XDC Network has quickly established itself as a pivotal infrastructure within trade finance and cross-border transactions. It stands out due to its compatibility with well-known financial messaging protocols such as SWIFT and ISO 20022, presenting an attractive opportunity for institutional investors. Thanks to collaborations with significant industry players, including Deutsche Telekom, SBI Japan, and Archax, the XDC ecosystem is effectively linking traditional finance with decentralized systems.
The Impact of the XDC Network ETP
“XDC epitomizes the fusion of blockchain technology with practical applications,” explains Mandy Chiu, Head of Financial Product Development at 21Shares. “As the financial world gradually adopts tokenized assets, we are proud to present a regulated investment route that offers exposure to this remarkable infrastructure.”
Key Features of the ETP
The recently launched 21Shares XDC Network ETP (ISIN: CH1464217285) comes with a management fee of 2.50%, and is denominated in both USD and EUR, depending on the trading platform selected. This ETP is fully backed by the underlying asset, which is retained in secure institutional-grade cold storage, assuring investors of the asset's integrity and stability.
The Role of Blockchain in Trade Finance
Notably, the XDC Network acts as a rapid and compliant settlement layer for global payments and tokenized real-world assets. “This ETP exemplifies our vision of a more accessible and efficient financial system,” states Ritesh Kakkad, Co-Founder of XDC Network. “The launch signifies a turning point for XDC Network as it strives for broader institutional adoption,” he adds. “Collaboration with 21Shares enables us to provide regulated access to European investors, integrating traditional finance into the future of payment infrastructures.”
More About 21Shares
Founded with the mission to make cryptocurrency accessible, 21Shares has become one of the largest providers of crypto ETPs globally, offering a suite that leads the market. The company achieved a noteworthy milestone by introducing the world’s first physically-backed crypto ETP in 2018, demonstrating a dedication to innovation within the financial landscape.
Through its specialized research team and proprietary technologies, 21Shares creates efficient and straightforward investment options that help bridge the gap between traditional and decentralized finance.
About the XDC Network
The XDC Network represents a groundbreaking enterprise-level blockchain protocol. Launched in 2017, it focuses on streamlining global trade by facilitating the tokenization of various assets and financial instruments. The network’s widespread support for smart contracts, coupled with its impressive transaction finality, makes it a desirable choice among developers and enterprises aiming to innovate.
Frequently Asked Questions
What is the XDC Network ETP?
The XDC Network ETP is a financial product that provides investors with regulated access to the XDC Network, a blockchain designed for trade finance.
Where can I buy the 21Shares XDC Network ETP?
The ETP is available for trading on Euronext Paris and Amsterdam.
What are the fees associated with the XDC Network ETP?
The management fee for the XDC Network ETP is set at 2.50%.
How does the XDC Network improve trade finance?
The XDC Network enhances trade finance by facilitating faster and more compliant transactions through its blockchain technology.
Who backs the XDC Network?
The XDC Network is supported by strategic partnerships with major industry players like Deutsche Telekom and SBI Japan.
